To appoint a person, an insurer shall submit the electronic appointment to the commissioner by when?

An insurer is required to submit the electronic appointment to the commissioner no later than 15 days from the date of the appointment. This timeframe is established to ensure that the state insurance department is informed about which individuals are authorized to act on behalf of the insurer as licensed producers. Timely submission of this information is crucial for regulatory oversight and to maintain compliance with state insurance laws.

In many jurisdictions, including Utah, there are specific timelines set by regulations which reflect the need for a prompt update to ensure the integrity of the insurance market. Failure to submit within this timeframe could lead to penalties or complications regarding the producer's licensing status or the insurer's compliance standing. Thus, understanding the 15-day requirement is important for insurance professionals to fulfill their responsibilities properly and avoid potential issues.